Outstanding Recoveries

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Verdicts & Settlements

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  $1+ Billion Settlement – Merck & Co., Inc. Securities Litigation

  In re Merck & Co., Inc. Securities Litigation, Nos. 05-1151 and 05-2367 (D.N.J.)

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  Milberg served as Co-Lead Counsel in this federal securities fraud class action, and after more than 12 years of hard-fought litigation, ultimately obtained a combined settlement totaling $1.062 billion, the largest securities class action settlement ever against a pharmaceutical company. The Court described the settlement as “a settlement which is fair and just and which, in fact, is the best settlement which possibly could have been achieved in this case.”
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  $100 Million Settlement – General Electric Co. ERISA Litigation

  In re General Electric Co. ERISA Litigation, No. 04-1398 (N.D.N.Y.)

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  Milberg, serving as Co-Lead Counsel, achieved a $40 million settlement on behalf of current and former G.E. employees who claimed that G.E.’s 401(k) Plan fiduciaries imprudently invested more than two-thirds of the Plan’s assets in company stock. The settlement included important structural changes to G.E.’s 401(k) plan valued at more than $100 million.
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  $500 Million Settlement – Exxon Valdez

  In re Exxon Valdez, No. 89-095 (D. Alaska)

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  Milberg was a member of the Plaintiffs’ Coordinating Committee and co-chair of the Plaintiffs’ Law Committee in the massive litigation resulting from the Exxon Valdez oil spill in Alaska. The plaintiffs obtained a jury verdict of $5 billion, which, after years of appeals by Exxon, was reduced to approximately $500 million by the United States Supreme Court. The United States Court of Appeals for the Ninth Circuit has since held that plaintiffs are entitled to post-judgment interest on the award in the amount of approximately $470 million.
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  $68.5 Million Settlement – Parris, et al. v. Meta Platforms

  Parris, et al., v. Meta Platforms, Inc., Case No.2023LA000672 (18th Cir. DuPage Cty., Ill.)

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  Milberg served as Lead Counsel in this privacy class action under the Illinois Biometric Information Privacy Act. Milberg obtained a settlement of $68.5 million in 2023.
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  $1+ Billion Settlement – NASDAQ Market-Makers Antitrust Litigation

  In re NASDAQ Market-Makers Antitrust Litigation, No. 94-3996 (S.D.N.Y.)

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  Milberg served as Co-Lead Counsel for a class of investors alleging that NASDAQ market-makers set wide spreads pursuant to an industry-wide conspiracy in one of the largest and most important antitrust cases in recent history. Following more than three years of litigation, the case settled for over $1 billion.